Hispasat, Redeia’s satellite communications operator, has signed a line of credit with a group of five financial entities made up of CaixaBank – agent bank for the operation and sustainability coordinator -, BBVA, Societé Generale, Bankinter and Kutxabank. of up to 250 million euros, which incorporates sustainability criteria for the first time.
Specifically, this agreement, which extends and expands the line of credit currently in force, allows adapt the terms and conditions of financing to ESG (Environmental, Social and Governance) criteria and indicators aligned with Redeia’s policies in this area, as reported by the firm.
The new credit line, ‘revolving’ and multicurrency, extends its maturity period until August 2025, with the possibility of extending it, in annual periods, until August 2027. In this way, the company reinforces its liquidity policy and, at the same time, supports the execution of its 2020-2025 Strategic Plan regardless of the conditions that the financial markets may present in the short and medium term.
“In these complex times in the international markets, this support from the financial sector for Hispasat constitutes a great sign of confidence in the strength of the company and in its strategic project to advance in the value chain of satellite services, while We are firmly committed to sustainability and socially responsible actions in the field of our activity”, affirmed the economic-financial director of Hispasat, Juan Jesús García Chaparro.